A Complete Guide to Buying Cryptocurrency via Skrill

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Skrill has long been recognized as one of the leading global platforms for online payments and currency transfers. Since 2018, it has expanded its services to include buying and selling cryptocurrencies using fiat currency—with the added capability, introduced in late 2019, of trading one cryptocurrency for another. In addition to trading, Skrill offers secure crypto storage, as well as the ability to send and receive digital assets between Skrill users.

For those interested in entering the world of digital finance, Skrill provides a user-friendly gateway. This guide walks you through setting up an account, verifying your identity, depositing funds, and making your first cryptocurrency purchase—all within a trusted, regulated environment.

How to Create a Skrill Account

The first step toward buying cryptocurrency is creating a Skrill account. The process is quick, free, and straightforward—taking just a few minutes to complete.

You’ll begin by providing basic personal information: your full name, surname, country of residence, preferred currency, email address, and a secure password. You’ll also need to agree to Skrill’s terms and conditions.

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Once registration is complete, Skrill will send a confirmation email. Click the verification link inside to finalize your account setup. After confirmation, you can proceed to verify your identity—a crucial step for increasing transaction limits and unlocking full platform functionality.

While initial transactions can be made without full verification, completing this process early avoids delays later. Verified accounts enjoy higher limits and smoother transaction processing.

Verifying Your Identity and Making Your First Deposit

Account verification on Skrill is simple and secure. To verify:

  1. Submit a government-issued ID – Upload clear images of both the front and back of your ID (such as a passport, national ID card, or driver’s license).
  2. Take a selfie – This helps confirm your identity by matching your face to the photo on your document.
  3. Verify your address – Provide a recent utility bill, bank statement, or official document showing your name and residential address.

Once submitted, Skrill typically processes verification within a few hours to one business day.

After verification, fund your account to begin trading. Navigate to the Deposit section and choose your preferred method:

Note: A deposit is required before you can initiate any cryptocurrency transaction. While full identity verification isn't mandatory at this stage, it's strongly recommended to avoid restrictions later.

Buying Cryptocurrency on Skrill

With funds in your account and identity confirmed, you’re ready to buy crypto.

  1. Go to the Cryptocurrency tab in your dashboard.
  2. Select the digital asset you’d like to purchase (e.g., Bitcoin, Ethereum).
  3. Choose Exchange and enter the amount you wish to invest—either in fiat currency or equivalent crypto value.
  4. Review the exchange rate and fees.
  5. Confirm the transaction.

The purchased cryptocurrency is instantly credited to your Skrill wallet. You can hold it, sell it later, or transfer it to another Skrill user.

Skrill applies a transparent fee structure for trades—typically around 1.5% per transaction—though this may vary slightly depending on market conditions and payment method.

👉 Discover how easy it is to trade top digital assets securely.

Cryptocurrencies Available on Skrill

Skrill supports a growing list of major cryptocurrencies, making it accessible for both beginners and experienced traders. As of now, you can buy, sell, send, and receive:

While the selection covers most high-demand assets, it may not satisfy advanced traders looking for access to thousands of altcoins. However, Skrill continues to expand its offerings based on market demand and regulatory compliance.

Supported Countries and Service Limitations

Skrill operates in numerous countries worldwide but does not offer cryptocurrency services in certain regions due to regulatory restrictions. These include:

Additionally, some U.S. states have limited access to crypto features.

Despite these exclusions, Skrill remains available in key financial markets such as the UK, EU countries, Canada, Australia, Japan, and most of Latin America.

Headquartered in London—a global financial hub—Skrill benefits from strong regulatory oversight and nearly two decades of experience in digital payments.

Frequently Asked Questions (FAQ)

Q: Is it safe to buy cryptocurrency through Skrill?
A: Yes. Skrill is a licensed financial institution regulated by the UK’s Financial Conduct Authority (FCA). It uses advanced encryption and two-factor authentication (2FA) to protect user accounts and funds.

Q: Are there fees for buying crypto on Skrill?
A: Yes. Skrill charges a fee of approximately 1.5% per transaction. Additional fees may apply for deposits or withdrawals depending on the payment method used.

Q: Can I transfer my cryptocurrency from Skrill to an external wallet?
A: Currently, Skrill does not allow direct withdrawals of crypto to external wallets. You can only send digital assets to other Skrill users or sell them back to fiat within the platform.

Q: How long does it take to verify my Skrill account?
A: Most verifications are completed within 24 hours. Processing times may vary if additional documentation is required.

Q: Can I sell cryptocurrency on Skrill?
A: Yes. You can sell any supported cryptocurrency back into your preferred fiat currency (e.g., EUR, GBP, USD) at any time through the Exchange feature.

Q: Does Skrill support recurring crypto purchases?
A: Not currently. Automated or recurring buys are not available on the platform.

Final Thoughts

Skrill offers a reliable and intuitive way to enter the cryptocurrency market—especially for users already familiar with its e-wallet services. With support for major digital assets, fast deposits via card, and strong security protocols, it serves as an excellent entry point for beginners.

While limitations exist—such as restricted withdrawal options and a smaller selection compared to dedicated crypto exchanges—its ease of use and global reach make it a solid choice for casual investors.

As demand grows, Skrill is likely to expand its crypto offerings and features in the coming years.

👉 Start exploring the future of finance with confidence and ease.

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